The biggest event today might be Shigeru Ishiba's resignation.

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Phyrex
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13 hours ago

Today, the biggest event might be Shigeru Ishiba's resignation. Many friends may not have a clear understanding of him, so to put it simply, Ishiba is a hawk in Japan who supports interest rate hikes. His resignation is likely to lead Japan's policy to lean towards easing in the short term, which means the probability of Japan maintaining low interest rates and not raising rates has increased.

Japan is one of the largest borrowing countries in the world, and low interest rates make carry trades more attractive, allowing liquidity to flow more easily into risk assets like U.S. stocks and $BTC.

Therefore, Japan's low interest rates are beneficial for risk markets. For those holding U.S. dollars or stablecoins pegged to the dollar, Ishiba's resignation could likely result in the yen depreciating against the dollar, making the cost of living in Japan lower for those holding dollars.

Let's watch the U.S. stock market on Monday and hope for a good start.

This article is sponsored by #Bitget | @Bitget_zh

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